(VIANEWS) - Nuveen Pennsylvania Investment Quality Municipal Fund (NQP), StoneCastle Financial Corp (BANX), International Paper Company (IP) are the highest payout ratio stocks on this list.
Here's the data we've collected of stocks with a high payout ratio as yet. The payout ratio in itself isn't a promise of a future good investment but it's an indicator of whether dividends are being paid and how the company chooses to issue them.
When investigating a potential investment, the dividend payout ratio is a good statistic to know so here is a list of some companies with an above 30% payout ratio.
1. Nuveen Pennsylvania Investment Quality Municipal Fund (NQP)
235.71% Payout Ratio
Nuveen Pennsylvania Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher. It employs fundamental analysis, with bottom-up stock picking approach, to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's Pennsylvania Municipal Bond Index and Standard & Poor's National Municipal Bond Index. The fund was formerly known a Nuveen Pennsylvania Investment Quality Municipal Fund. Nuveen Pennsylvania Quality Municipal Income Fund was formed on December 20, 1990 and is domiciled in the United States.
Earnings per Share
Nuveen Pennsylvania Investment Quality Municipal Fund's trailing 12-month EPS is $0.28.
PE Ratio
Nuveen Pennsylvania Investment Quality Municipal Fund's trailing 12-month price-to-earnings ratio is 37.29. The purchaser of the shares is therefore investing $37.29 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 1.85%.Moving Average
Nuveen Pennsylvania Investment Quality Municipal Fund is worth less than its 50-day average $11.12 (and way lower than its 200-day average $12.38).2. StoneCastle Financial Corp (BANX)
197.44% Payout Ratio
StoneCastle Financial Corp., a closed-ended balanced mutual fund managed by StoneCastle Asset Management LLC is launched. The fund invests in the United States' public equity markets. It invests in stock of banks and other financial companies. The fund invests in companies that pay dividends and growth stocks. The fixed income component of the fund is invested in subordinated bonds securities that are BBB- and better by Kroll Ratings. To create its portfolio, the fund uses fundamental analysis and bottom-up security selection. This includes reviewing historical and potential financial data, interviewing key bank employees, financial models, projections and financial models, as well as interviews with managers and other staff. To create its portfolio, it uses proprietary research. StoneCastle Financial Corp., which was established February 7, 2013, is based in the United States.
Earnings per Share
StoneCastle Financial Corp's trailing 12 months earnings per share (EPS) is $0.78
PE Ratio
StoneCastle Financial Corp's trailing 12 months earnings to price ratio is 21.65 The purchaser of the shares is therefore investing $21.65 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is an indicator of the business' profitability relative to shareholders' equity, was 3.71%.Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 20, 2022, the estimated forward annual dividend rate is 1.56 and the estimated forward annual dividend yield is 9.22%.
Moving Average
StoneCastle Financial Corp is valued at $17.69, which is below the 50-day average and $19.47 for its 200-day average.3. International Paper Company (IP)
59.01% Payout Ratio
International Paper Company is a leading packaging company in the Americas, including the United States, Middle East, Europe and Africa. The company operates in two main segments, Industrial Packaging and Global Cellulose Fibers. Industrial Packaging produces containerboards. This includes linerboard, medium and whitetop as well as recycled linerboard, recycled medium, and saturated kraft. Global Cellulose Fibers provides fluff and market pulps for absorbent products such as diapers, feminine care and adult incontinence products. The company sells directly to converters and end users, but also through paper distributors, agents, resellers and representatives. It was established in Memphis, Tennessee in 1898.
Earnings Per Share
As for profitability, International Paper Company has a trailing twelve months EPS of $2.45.
PE Ratio
International Paper Company has a trailing twelve months price to earnings ratio of 14.95. Meaning, the purchaser of the share is investing $14.95 for every dollar of annual earnings.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 16.3%.Volume
International Paper Company's current reported volume is 4307030, which is 23.81% higher than its average volume (3478740).
4. Ames National Corporation (ATLO)
44.68% Payout Ratio
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online management, mobile and and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.
Earnings per Share
Ames National Corporation's trailing 12 months profit per share was $2.33
PE Ratio
Ames National Corporation's trailing 12-month price-to-earnings ratio is 9.84. The purchaser of the shares is therefore investing $9.84 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 11.62%.Yearly Top and Bottom Value
Ames National Corporation's stock is valued at $22.93 at 19:23 EST, way below its 52-week high of $25.55 and way above its 52-week low of $20.16.
5. Jack Henry & Associates (JKHY)
38.46% Payout Ratio
Jack Henry & Associates, Inc. offers technology solutions and payment processing service primarily to financial institutions in the United States. It offers transaction and information processing services for banks, from small community institutions to large multi-billion dollar asset institutions, under the Jack Henry Banking name; core data processing for different credit unions under Symitar; and special financial performance, imaging, payments processing, information security, risk management, retail delivery and online solutions to corporate entities and financial institutions. The company also offers a range of integrated apps that can process loan and deposit transactions. It also maintains centralized client/member data. SilverLake is a strong, commercial-oriented banking product. CIF 20/20 for banks, which provides a simple, parameter-driven system that banks can use. Core Director for smaller banks, is a cost-effective system that allows for point-and click operation. Symitar, the company's business brand, offers Episys, which is robustly designed for credit cooperatives. CruiseNet, on the other hand, is a more cost-efficient solution designed specifically for credit unions. The company also offers electronic payments solutions, purchase and resell hardware systems including workstations and scanners; as well as implementation and training. Jack Henry & Associates, Inc. is a Missouri-based company that was established in 1976.
Earnings Per Share
As for profitability, Jack Henry & Associates has a trailing twelve months EPS of $4.92.
PE Ratio
Jack Henry & Associates has a trailing twelve months price to earnings ratio of 35.07. Meaning, the purchaser of the share is investing $35.07 for every dollar of annual earnings.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 26.87%.Earnings before Interest, Taxes and Depreciation
Jack Henry & Associates EBITDA stands at 89.59
Annual Top and Bottom Value
Jack Henry & Associates stock was valued at $172.52 as of 19:23 EST. This is way lower than the 52-week high at $212.62, and much higher than the 52-week low at $147.50.
Revenue growth
The year-on-year revenue growth was 7.2%. It now stands at 1.94B in the 12 trailing months.
6. Lincoln Electric Holdings (LECO)
30.23% Payout Ratio
Through its subsidiaries, Lincoln Electric Holdings, Inc. designs, develops, produces, and markets worldwide welding, cutting, brazing, and other products. It operates in three areas: Americas Welding and International Welding. The company offers products for welding, such as arc welding power supplies, plasma cutters wire feeding systems and robotic welding packages. It also sells fume extraction equipment and consumable electrodes. It also offers oxyfuel cutting and computer numeric controlled plasma systems. There are regulators, torchers, brazing consumables, as well as oxyfuel cutting and cutting tools. It is also involved in the American retail industry. Lincoln Electric Holdings, Inc. is involved in general fabrication, energy, process, transportation, construction and infrastructure, heavy fabrication, shipbuilding, maintenance and repair, as well the shipping and transport industries. It sells products to welding product users directly, through distributors, retail outlets, agents, and industrial brokers. Lincoln Electric Holdings, Inc., was established in Cleveland, Ohio in 1895.
Earnings Per Share
As for profitability, Lincoln Electric Holdings has a trailing twelve months EPS of $7.41.
PE Ratio
Lincoln Electric Holdings has a trailing twelve months price to earnings ratio of 19.88. Meaning, the purchaser of the share is investing $19.88 for every dollar of annual earnings.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 49.1%.